Monthly Market Update, January 2018

The South Lake Tahoe housing market has been steady. The inventory of homes is currently low, but the inventory should start increasing as we move into Spring. With the recent changes in the Vacation Rental Rules, we are unsure of how that will affect the Housing Market over the next few months. 

The Numbers Month to Month and Year to Year
– The median sales price for South Lake Tahoe, CA Homes for Sale was $480,000 in January 2018, compared to $413,500 during January 2017.
– The number of South Lake Tahoe, CA Homes that sold in January 2018 was 41, and 53 homes sold in January 2017.
– There were 56 new listings entering the market this month.
– There are 49 South Lake Tahoe, CA homes for sale that are under contract which represents 30% of the overall 155 available inventory of homes for sale.
– Average days on the market: 109
– From the 155 homes for sale during January, 4 of them were a foreclosure and 0 of them was a short sale.

A few highlights of the current South Lake Tahoe, CA Homes for Sale are shown below.

This Month's Most Expensive

The most expensive new listing that entered the market this month was 3914 Saddle Road, selling for $2,300,000. You asked for it – the perfect Tahoe getaway mountain cabin. You will appreciate this luxurious, custom crafted 3 story modern mountain home, nestled against the base of Heavenly Ski Resort and very short walk to Heavenly Tram and only minutes to the casinos, shopping, hiking, cycling, boating and all other outside activities. Lake views from all levels of living, and a high speed elevator for easy access. The living room offers 2 story picture windows to help you take in the wonderful views. Natural stone and hickory wood plank radiant heat flooring throughout the home make it feel like you are in an old Tahoe cabin, but with all the modern conveniences you could ask for. Custom artwork included at the listing price, as well as the large collection of wine in the custom cellar and the fine furnishings. Chefs kitchen with granite counter tops and a 48 Wolf range. Built in BBQ and hot tub on back deck. Open space surrounds the home, offering privacy and a deep-in-the-woods peacefulness.  This home was built in 2012 / 5 beds / 5 baths / 4773 Sq Ft. Schedule a Showing!

This Month's Least Expensive

The least expensive new listing that entered the market this year was 1048 Glen Road, listed for $290,000. KNOTTY PINE!! Come see this charming single family home that has the cabin feel you’ve been looking for! You’ll love the cozy atmosphere of this 1 bedroom cabin with its fantastic location conveniently located within walking distance to the Gondola at Heavenly Village for skiing, restaurants, night life, shopping, casinos, and beaches! Many recent updates include, skylight in bedroom, appliances, open layout, wall heater, fireplace, closets and front fence. Sold furnished. This home was built in 1955 / 1 beds / 1 bath / 480 Sq Ft. Schedule a showing!

This Month’s Must See

The choice for September’s must-see home of the month is 3237 Panorama Drive, listed at $439,000. Delightful charm throughout. Located in quiet Christmas Valley and within steps to forest trails this classic Tahoe chalet is perfect for those seeking recreational and tranquil enjoyment. The entry to the home is ideal for shedding wet clothing and skis as well as helping to keep the warmth indoors. Upon entry one will discover downstairs living including a wide open living, dining and kitchen area, two bedrooms and a full guest bath with laundry. The seller is offering a $1,500 credit toward a buyer’s choice of a finished countertop. Upstairs are two more bedrooms with vaulted ceilings and pine floors as well as the second bath. Both bathrooms are artistically designed with mosaic accents creating fun places to escape. Check out the tub spigot upstairs. Amenities include a potential sauna (currently used as wine storage), newer roof, extra storage and room to expand the garage length. At this price and with these features, the value will be beyond obvious. Motivated seller. . This home was built in 1973 and has 4 bedrooms / 2 baths / 1472 Sq Ft. Schedule a Showing!